ConAgra selling private label unit to TreeHouse Foods

conagraNew york city City (AP)– ConAgra Foods is providing its individual label operations to TreeHouse Foods for about $ 2.7 billion as part its strategy to focus more on name brands including Chef Boyardee and Slim Jim.
The business in the beginning exposed strategies to provide the gadget in June.
The offer comes one month after business specified it will cut 1,500 tasks, or about 30 percent of its office-based labor force, and move its head office to Chicago from Omaha, Nebraska. Business’s goal is to produce a more-efficient packaged food business.

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